Current Report No.: 47/2016

Title: Notice on the execution of a letter of intent relating to a potential investment in Polimex-Mostostal S.A. and lodging a motion with the Office of Competition and Consumer Protection
Date: 2016.27.12
Report no.:  Current Report No.: 47/2016

Current Report No.: 47/2016

Date of preparation: 27.12.2016

Short name of issuer: Enea S.A.

Subject: Notice on the execution of a letter of intent relating to a potential investment in Polimex-Mostostal S.A. and lodging a motion with the Office of Competition and Consumer Protection

Legal basis: Article 17 item 1 of MAR - confidential information

Content of report:

In relation to the current report No. 41/2016 dated 6 December 2016 the Management Board of Enea S.A. ("Company") informs that on 27 December 2016 the Company and Energa S.A., PGE Polska Grupa Energetyczna S.A., PGNiG S.A. ("Investors") and Polimex-Mostostal S.A. ("Polimex") signed a letter of intent in which the Investors expressed their intention to consider a potential investment in Polimex and based on which they commenced talks with Polimex with the purpose of specifying detailed parameters of the transaction.

At the same time, on the same day, the Company and the Investors, lodged a motion with the Office for Competition and Consumer Protection ("UOKiK") for issuing the approval by the President of UOKiK to perform the concentration being the takeover by the Investors of a joint control over Polimex.

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.